Kurdish Oil Heads North But Not Yet To Sea

Kurdish oil continues to flow into storage at the Turkish Mediterranean port of Ceyhan. But exports remain blocked as Baghdad threatens to take legal action against Ankara over what it says would be the unauthorized sale of Iraqi crude.

Baghdad warns the Kurdistan Regional Government (KRG) that it risks losing its official 17% share of federal revenues should it defy Baghdad and proceed with independent oil sales. The three sides – Baghdad, Erbil and Ankara – remain...